Police in the Indian city of Bangalore have arrested the driver of a van carrying cash for ATMs who is accused of stealing 9.2m rupees ($134,000; �107,000) in new 2,000 rupee notes. Dominic Selvaraj allegedly drove off with the van six days ago while ...

At the beginning of November the Indian government pulled 86% of the country's currency out of circulation, banning all 500 and 1,000 Rupee notes in an attempt to combat corruption, black money and terrorism. That decision heaped pressure on the Indian ...

India's dramatic move to scrap 500 ($7.60) and 1,000 rupee notes is poor economics, a leading economist says. Kaushik Basu, the former chief economist for the World Bank, says the "collateral damage" is likely to outstrip its benefits.

India is using indelible ink on fingers to ensure people get only one chance to change their big bank notes. Prime Minister Narendra Modi scrapped 1,000 (�11.8) and 500 notes in a surprise move last week as part of a tax evasion and corruption crackdown.